Teachers Retirement System of The State of Kentucky maintained its stake in Graphic Packaging Holding Company (NYSE:GPK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 104,210 shares of the industrial products company’s stock at the end of the first quarter. Teachers Retirement System of The State of Kentucky’s holdings in Graphic Packaging Holding were worth $1,341,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. boosted its stake in Graphic Packaging Holding by 1.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 8,039 shares of the industrial products company’s stock worth $103,000 after buying an additional 116 shares in the last quarter. Private Advisor Group LLC acquired a new stake in Graphic Packaging Holding during the first quarter worth approximately $104,000. Fifth Third Bancorp boosted its stake in Graphic Packaging Holding by 124.0% in the first quarter. Fifth Third Bancorp now owns 10,082 shares of the industrial products company’s stock worth $130,000 after buying an additional 5,582 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Graphic Packaging Holding by 14.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 10,729 shares of the industrial products company’s stock worth $133,000 after buying an additional 1,348 shares in the last quarter. Finally, Eagle Boston Investment Management Inc. acquired a new stake in Graphic Packaging Holding during the first quarter worth approximately $136,000. 95.87% of the stock is currently owned by institutional investors and hedge funds.
Shares of Graphic Packaging Holding Company (NYSE GPK) traded down 0.60% during midday trading on Tuesday, reaching $13.16. The company’s stock had a trading volume of 2,122,195 shares. The company has a 50 day moving average price of $13.53 and a 200-day moving average price of $13.29. The stock has a market capitalization of $4.08 billion, a PE ratio of 24.42 and a beta of 1.14. Graphic Packaging Holding Company has a 52 week low of $12.00 and a 52 week high of $14.70.
Graphic Packaging Holding (NYSE:GPK) last issued its quarterly earnings results on Tuesday, July 25th. The industrial products company reported $0.15 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.15. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.09 billion. Graphic Packaging Holding had a net margin of 3.98% and a return on equity of 18.22%. Graphic Packaging Holding’s quarterly revenue was down .8% compared to the same quarter last year. During the same period last year, the company posted $0.19 EPS. On average, equities research analysts expect that Graphic Packaging Holding Company will post $0.68 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Investors of record on Friday, September 15th will be paid a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend is Thursday, September 14th. Graphic Packaging Holding’s dividend payout ratio is presently 54.55%.
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A number of research firms have commented on GPK. BidaskClub cut Graphic Packaging Holding from a “hold” rating to a “sell” rating in a report on Monday, July 31st. Jefferies Group LLC reaffirmed a “hold” rating and issued a $14.00 target price on shares of Graphic Packaging Holding in a report on Monday, May 8th. Citigroup Inc. reaffirmed a “buy” rating on shares of Graphic Packaging Holding in a report on Friday, April 14th. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $15.00 target price on shares of Graphic Packaging Holding in a report on Tuesday, April 11th. Finally, DA Davidson started coverage on Graphic Packaging Holding in a report on Monday, July 10th. They issued a “buy” rating and a $17.50 target price on the stock. Two analysts have rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. Graphic Packaging Holding presently has a consensus rating of “Buy” and an average price target of $15.73.
In related news, Director G Andrea Botta sold 10,982 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of $13.45, for a total value of $147,707.90. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.02% of the company’s stock.
About Graphic Packaging Holding
Graphic Packaging Holding Company is a provider of paper-based packaging solutions for a range of products to food, beverage and other consumer product companies. The Company’s segments include Paperboard Mills, Americas Paperboard Packaging, Europe Paperboard Packaging, and Corporate and Other. The Paperboard Mills segment includes the Company’s North American paperboard mills, which produce primarily coated unbleached kraft and coated recycled board.
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